Indian Railway modifies parcel leasing policy

DY365
DY365
Published: December 3,2020 10:45 AM
DY365

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December 3, 2020: Indian Railway has recently modified the policy of Parcel van leasing through Premium trains like Shatabdi, Jan-Shatabdi, Duronto Express, Rajdhani Express trains.

December 3, 2020: Indian Railway has recently modified the policy of Parcel van leasing through Premium trains like Shatabdi, Jan-Shatabdi, Duronto Express, Rajdhani Express trains to provide more facilities to transporters.



​​As per the new modified policy, leasing of LHB type parcel van has been permitted by trains like Rajdhani express and Duronto Express train on end to end basis. Leasing of parcel vans has also been permitted by ordinary passenger trains subject to no loss of punctuality of those trains due to loading/ unloading operation.



​​Moreover Indian Railway has also decided to amend the Security deposit/Performance Guarantee clause for leasing of the Parcel Cargo Express Trains. Now the successful bidder has to deposit the security deposit equivalent to 5% of the contract value within 30days from the date of issuance of the “Letter Of Acceptance”.



​​The Security deposit/Performance Guarantee for leasing out one Brakevan (SLR) has also been modified to 5% of the annual contractual value in place of 10% as required earlier subject to minimum of Rs. 1 lakh. For single Parcel Van (VP) the amount has also been modified to 5% of the annual contractual value in place of 10% as required earlier subject to minimum of Rs. 4 lakh.



​​All the above modification are expected to immensely help the transporters to book their commodities in a more cheaper, faster and hassle free manner to transport their commodities.